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Economics 113


 
Module code EKN 113
Qualification Undergraduate
Faculty Faculty of Economic and Management Sciences
Module content

Introduction to economics and principles of microeconomics
The scope of economics; the basic theory of demand and supply; price, income and cross elasticity of demand; consumer utility, the utility function and case studies in terms of the utility function; the theory of the firm in the short and long run; market structures, namely the perfect market, monopoly, oligopoly and monopolistic competition; public sector finances; microeconomics versus macroeconomics and economic statistics.
Module credits 15.00
Service modules Faculty of Natural and Agricultural Sciences
Prerequisites Reg. 1.2 (e)
Contact time 3 lectures per week
Language of tuition Both Afr and Eng
Academic organisation Economics
Period of presentation Semester 1
The information published here is subject to change and may be amended after the publication of this information. The General Regulations (G Regulations) apply to all faculties of the University of Pretoria. It is expected of students to familiarise themselves well with these regulations as well as with the information contained in the General Rules section. Ignorance concerning these regulations and rules will not be accepted as an excuse for any transgression.

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